Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, has closed on its most recent acquisition. The company intends to use the parcel located in Los Angeles as a new distribution/delivery hub for its Nug Avenue cannabis delivery segment. An article discussing the move quotes Sugarmade CEO Jimmy Chan, saying, “We are very excited to announce the upcoming location of our new Nug Avenue delivery hub, which is in a prime position to serve the downtown LA area. Our initial Nug Avenue location has been open for nearly six months and has established a strong brand with tremendous growth in membership — already exceeding 10,000 members and growing fast. Our remaining licenses can be applied to both expansion and verticalization of Nug Avenue operations as we continue to build a top-tier, farm-to-door leader in the California cannabis marketplace.”
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About Sugarmade Inc.
Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s brand portfolio includes CarryOutsupplies.com, SugarRush, Nug Avenue, Lemon Glow, and Budcars. For more information, please visit www.Sugarmade.com.
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